VOO vs XLV: Holdings Overlap
Vanguard · 504 holdings · $1.03T · as of 2026-03-31
XLVState Street® Health Care Select Sector SPDR® ETF
State Street (SPDR) · 61 holdings · $41.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (VOO: 2026-03-31, XLV: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are VOO and XLV?
Vanguard 500 Index Fund (VOO, by Vanguard) holds 504 positions; State Street® Health Care Select Sector SPDR® ETF (XLV, by State Street (SPDR)) holds 61. They have 58 holdings in common, and by portfolio weight the two funds are 9.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 58VOO holds 504 · XLV holds 61
- Weight in Shared Holdings
- VOO 9%·XLV 99%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in VOO
446 of 504 positions (90.3% of the fund) are not held by XLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | VOO | XLV |
|---|---|---|
| Health Care | 9.5% | 99.8% |
| Information Technology | 32.7% | 0.0% |
| Financials | 12.4% | 0.0% |
| Communication Services | 10.5% | 0.0% |
| Consumer Discretionary | 9.9% | 0.0% |
| Other Sectors | 24.9% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VOO | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.03% |
| XLV | +0.8% | +7.9% | +30.7% | +9.2% | +6.2% | +10.0% | 1.53% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in VOO vs XLV →
Shared Holdings(58)
The top 10 shared positions account for 59% of the overlap, led by LLY, JNJ and ABBV.
 LLYEli Lilly & Co. COM | 1.30% | 15.88% | 1.30% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 1.05% | 10.42% | 1.05% |
 ABBVAbbVie Inc. COM | 0.69% | 7.26% | 0.69% |
 MRKMerck & Co., Inc COM | 0.53% | 5.34% | 0.53% |
 UNHUnitedHealth Group Inc. COM | 0.44% | 6.18% | 0.44% |
 AMGNAmgen Inc. COM | 0.34% | 3.68% | 0.34% |
 TMOThermo Fisher Scientific Inc COM | 0.33% | 3.63% | 0.33% |
 ABTAbbott Laboratories COM | 0.32% | 3.17% | 0.32% |
 GILDGilead Sciences Inc. COM | 0.31% | 2.74% | 0.31% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.29% | 2.23% | 0.29% |
 PFEPfizer Inc. COM | 0.29% | 2.52% | 0.29% |
 BMYBristol-Myers Squibb Company COM | 0.22% | 2.21% | 0.22% |
 DHRDanaher Corporation COM | 0.21% | 2.12% | 0.21% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.20% | 2.07% | 0.20% |
 SYKStryker Corporation COM | 0.20% | 1.96% | 0.20% |
 MDTMedtronic PLC USD0.0001 | 0.20% | 1.86% | 0.20% |
 MCKMckesson Corp. COM | 0.19% | 1.76% | 0.19% |
 BSXBoston Scientific Corporation COM | 0.17% | 1.23% | 0.17% |
 CVSCVS Health Corp COM | 0.16% | 2.07% | 0.16% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 0.14% | 1.30% | 0.14% |
 HCAHCA Healthcare Inc COM | 0.13% | 1.07% | 0.13% |
 CIThe Cigna Group COM | 0.13% | 1.23% | 0.13% |
 ELVElevance Health Inc. COM | 0.11% | 1.43% | 0.11% |
 CORCencora Inc COM | 0.11% | 1.06% | 0.11% |
 ZTSZoetis, Inc., Class A | 0.09% | 0.55% | 0.09% |
Frequently Asked Questions
How much do VOO and XLV overlap?
VOO and XLV overlap by 9.4% of portfolio weight. They share 58 holdings (VOO holds 504 positions and XLV holds 61), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VOO and XLV?
The two portfolios are 9.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of VOO and XLV?
The largest positions held by both funds are LLY, JNJ, ABBV, MRK and UNH. Together the top 10 shared positions account for 59% of the total overlap.
What does VOO own that XLV doesn't?
446 positions (90.3% of VOO) are unique to VOO, led by NVDA, AAPL and MSFT. In the other direction, 3 positions (0.6% of XLV) are unique to XLV.